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Copper Trends and Forecast
The future of the global copper market looks promising with opportunities in the construction, transportation, appliance & electronic, power generation and distribution & transmission markets. The global copper market is expected to reach an estimated $223.4 billion by 2030 with a CAGR of 4.4% from 2024 to 2030. The major drivers for this market are increasing demand from the construction and electronics industries, modernization of power grids and integration of energy storage systems, and stringent environmental regulations.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Copper by Segment
The study includes a forecast for the global copper by type, form, application, and region.
Copper Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Primary Copper
• Secondary Copper
Copper Market by Form [Shipment Analysis by Value from 2018 to 2030]:
• Wire Rods
• Plates
• Sheets & Strips
• Tubes
• Bars & Sections
• Others
Copper Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Construction
• Transportation
• Appliances & Electronics
• Power Generation
• Distribution & Transmission
• Others
Copper Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Copper Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies copper companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the copper companies profiled in this report include-
• Anglo American
• Antofagasta
• BHP
• Codelco
• First Quantum Minerals
• Grupo México
• Jiangxi Copper
• KGHM
• Mitsubishi Materials
• Rio Tinto
Copper Market Insights
Lucintel forecasts that primary copper is expected to witness the higher growth over the forecast period.
Within this market, appliance & electronic will remain the largest segment as copper has the capability of transmitting electrical signals quickly.
APAC will remain the largest region over the forecast period due to the significantly growing construction industry and increasing investments in the telcommunication and electronic industries in the region.
Features of the Global Copper Market
Market Size Estimates: Copper market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Copper market size by type, form, application, and region in terms of value ($B).
Regional Analysis: Copper market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, forms, applications, and regions for the copper market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the copper market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the copper market size?
Answer: The global copper market is expected to reach an estimated $223.4 billion by 2030.
Q2. What is the growth forecast for copper market?
Answer: The global copper market is expected to grow with a CAGR of 4.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the copper market?
Answer: The major drivers for this market are increasing demand from the construction and electronics industries, modernization of power grids and integration of energy storage systems, and stringent environmental regulations.
Q4. What are the major segments for copper market?
Answer: The future of the global copper market looks promising with opportunities in the construction, transportation, appliance & electronic, power generation and distribution & transmission markets.
Q5. Who are the key copper market companies?
Answer: Some of the key copper companies are as follows:
• Anglo American
• Antofagasta
• BHP
• Codelco
• First Quantum Minerals
• Grupo México
• Jiangxi Copper
• KGHM
• Mitsubishi Materials
• Rio Tinto
Q6. Which copper market segment will be the largest in future?
Answer: Lucintel forecasts that primary copper is expected to witness the higher growth over the forecast period.
Q7. In copper market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the significantly growing construction industry and increasing investments in the telcommunication and electronic industries in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the copper market by type (primary copper and secondary copper), form (wire rods, plates, sheets & strips, tubes, bars & sections, and others), application (construction, transportation, appliances & electronics, power generation, distribution & transmission, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Copper Market, Copper Market Size, Copper Market Growth, Copper Market Analysis, Copper Market Report, Copper Market Share, Copper Market Trends, Copper Market Forecast, Copper Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Copper Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Copper Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Copper Market by Type
3.3.1: Primary Copper
3.3.2: Secondary Copper
3.4: Global Copper Market by Form
3.4.1: Wire Rods
3.4.2: Plates
3.4.3: Sheets & Strips
3.4.4: Tubes
3.4.5: Bars & Sections
3.4.6: Others
3.5: Global Copper Market by Application
3.5.1: Construction
3.5.2: Transportation
3.5.3: Appliances & Electronics
3.5.4: Power Generation
3.5.5: Distribution & Transmission
3.5.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Copper Market by Region
4.2: North American Copper Market
4.2.2: North American Copper Market by Application: Construction, Transportation, Appliances & Electronics, Power Generation, Distribution & Transmission, and Others
4.3: European Copper Market
4.3.1: European Copper Market by Type: Primary Copper and Secondary Copper
4.3.2: European Copper Market by Application: Construction, Transportation, Appliances & Electronics, Power Generation, Distribution & Transmission, and Others
4.4: APAC Copper Market
4.4.1: APAC Copper Market by Type: Primary Copper and Secondary Copper
4.4.2: APAC Copper Market by Application: Construction, Transportation, Appliances & Electronics, Power Generation, Distribution & Transmission, and Others
4.5: ROW Copper Market
4.5.1: ROW Copper Market by Type: Primary Copper and Secondary Copper
4.5.2: ROW Copper Market by Application: Construction, Transportation, Appliances & Electronics, Power Generation, Distribution & Transmission, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Copper Market by Type
6.1.2: Growth Opportunities for the Global Copper Market by Form
6.1.3: Growth Opportunities for the Global Copper Market by Application
6.1.4: Growth Opportunities for the Global Copper Market by Region
6.2: Emerging Trends in the Global Copper Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Copper Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Copper Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Anglo American
7.2: Antofagasta
7.3: BHP
7.4: Codelco
7.5: First Quantum Minerals
7.6: Grupo México
7.7: Jiangxi Copper
7.8: KGHM
7.9: Mitsubishi Materials
7.10: Rio Tinto
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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